Royal Corporate Governance

Royal is a financial intermediary institution built on transparent business practices and compliance with all local and international laws and regulations.

Royal
Corporate
Governance

Compliant operations

Royal operates within a strong and secure corporate governance framework that identifies the rights and responsibilities of each of the board members , general management , employees and external stakeholders based on corporate governance policies and practices designed to adhere with regulatory requirements

Our corporate governance guidelines hinge on the evolving needs and expectations of our clients, regulators, investors and the market at large. We are fully compliant with the laws, rules, and regulations governing our operations and believe our unwavering compliance promotes the interests of Royal’s stakeholders, shareholders and clients alike, while also advancing our long-term interests and strategic organisational goals.

our Board of Directors

Royal’s Board of Directors and Executive Management outline and agree upon the company’s Corporate Governance Code which is reviewed and updated at least once a year or as needed. The Code documents Royal’s commitment to the highest corporate governance standards and is published, on request, on Royal’s website.

Royal’s Board of Directors has extensive experience in finance, auditing and regulatory compliance. Each member is selected to the Board based on a strong track record in their respective field of expertise. This expertise ensures effective oversight over the company’s operations and provides a strong foundation for the company’s strategic expansion.

The Board is also able to ensure strong corporate governance to mitigate risks and bolster Royal Financials’ market position.

The Board’s
Responsibilities

  • Setting Royal’s strategies and objectives, while identifying and mitigating any risk
  • Establishing robust internal control functions
  • Ensuring Royal progressive strategies are adaptive to any change in market conditions within the regulatory environment.
  • Operating Royal’s day-to-day business with integrity and sound judgement and in full compliance with all applicable laws and regulations
  • Protecting the interests of clients, meeting shareholders’ obligations, and considering the interests of other recognized stakeholders
  • Aligning Royal’s corporate culture, activities, and behaviour with the principles, policies and procedures of sound governance.
Dr. Zeina Zeidan, PhD.
Chair of the Board of Directors

Royal took a pioneering step in Lebanon when it appointed the country’s first chairwoman to it’s board of directors. Dr. Zeidan is a strategic decision-maker and an expert financial controller. She was the head of the Audit Department at the Holy Spirit University of Kaslik (USEK) for several years and a university instructor at different leading academic institutions. Her extensive managerial experience has helped in the establishment of numerous companies over the past decade.

In addition to her leadership qualities, Dr. Zeidan is highly skilled in financial oversight and risk mitigation, both skills bolstered by her deep working knowledge of International Financial Reporting Standards (IFRS). Dr. Zeidan holds a PhD from Aix-Marseille University with an emphasis on finance and audit and a Master’s degree with a double major in finance and audit.

Dr. Jassem Ajaka, PhD.
Chair of Risk Committee

Professor Ajaka, is one of the most notable members of the Board of Directors at Royal Financials, with a strong background in finance and engineering. His Double Masters in Management and Financial Markets and Asset Management from the Conservatoire National des Arts et Métiers makes him the perfect person for the job of Chairman of Risk at Royal Financials. Furthermore, he has a doctorate in Nuclear Physics. Professor Ajaka has significant experience in the financial markets, economics, corporate finance, IT system management and energy management. He was a Senior Software Engineer at IBM and a Senior Financial Consultant at 3S Consulting. He is a Professor of Quantum Mechanics at The Lebanese University as well as an Economic Affairs Advisor to the Ministry of Economy and Trade in Lebanon.

Dr. Paul Morcos, PhD.
Chair of Compliance/AML Committee

Dr. Morcos is the Chairman of the Compliance/AML Committee. His extensive career experience makes him an excellent addition to the Board of Directors. In 2008, Dr. Morcos founded Justicia law firm. The firm specialised in banking, finance and corporate law. He lectures at many universities in Lebanon, including Universite Saint Joseph and the American University of Beirut, and is a trainer at the Beirut Bar Association.

Alongside practicing law, and lecturing at universities, Dr. Morcos writes regularly on legal issues for media outlets as well as corporate, banking and scientific publications. He received his Doctorate from Nancy University, France in Private and Criminal Law.

Rayan Al Annan
Executive Board Member

Rayan Al Annan is the Founder of Royal, previously known as Royal Forex Trading (rfxt.com). Starting in Florida, USA, Mr Al Annan has successfully navigated the company through the ups and downs of the financial markets. In just over a decade, Mr Al Annan transformed Royal from a trading company into a top tier financial services provider with over 70 employees. He has been instrumental in the company’s adoption of technology and corporate governance structures, stepping down as chairman in 2016.

Dr. Rabih Nehme, PhD., CPA (US)
Chair of Audit Committee

Rabih Nehme, Ph.D., CPA (US) is an expert in the field of accountancy through his career at KPMG and PricewaterhouseCoopers. He is a Certified Public Accountant and a licensed member of the American Institute of Certified Public Accountants (AICPA). He has worked throughout the Middle East and the Eurozone in the fields of assurance, audit and review of financial statements.

In addition to his audit career, Dr. Nehme teaches graduate and undergraduate courses in accounting and auditing at Durham University, the Lebanese American University (LAU) and the Holy Spirit University of Kaslik. He holds a BS majoring in Accounting from LAU, an MBA from LAU, and an accounting PhD from Durham University.

Committees

Royal’s Board and Executive Management establish specialized committees whose responsibilities include the oversight and implementation of governance policies and practices. They recommend governance guidelines and monitor compliance to them.

Audit Committee

The Audit Committee assists the board of directors in fulfilling its oversight responsibilities for the financial
reporting process, the system of internal control, the audit process, and the company’s process for monitoring compliance with laws and regulations and the code of conduct.

Risk Committee

The responsibility of the Compliance/AML/CFT Board Committee is to assist the Board of Directors in its functions and supervisory role with respect to: fighting money laundering and terrorist financing and understanding the related risks, and assisting with making the appropriate decisions in this regard.

AMLCFT Committee

The responsibility of the Compliance/AML/CFT Board Committee is to assist the Board of Directors in its functions and supervisory role with respect to: protecting the company from other compliance- risks, and overseeing Royal’s compliance with applicable laws, policies and regulations

Investment Committee

The Investment Committee oversees the firm’s Investment strategies by reviewing the macro economic outlook, the asset allocation amongst all related markets. It also monitors and review the performance of all the
investments of the firm against the correspondent benchmarks

Executive Committee

Royal’s Executive Committee is an internal body responsible for reviewing and assessing the company’s strategy, budget governance framework, corporate structure, internal policies, and operational procedures. This committee makes recommendations.

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